Detroit Water Department Purchase of Riverfront Land

[GPCharles]

http://www.freep.com/article/2010071...over-land-deal

$5 Million an acre for property in the City of Detroit?

[Novine]

That's what the judge decided.

[kraig]

Didn't the City get money from the casinos to pay for that? I remember the casinos paying the City about $150,000,000.00 early on in Kwame's Administration when the deal was made to not build casinos on the river.

[oladub]

The Water Department paid 10-50 times what the property was worth according to the U of M expert. I wonder why the article didn't name the judge or the officials at the Water Department who agreed to the deal. They are still running loose endangering taxpayers and alternative uses for the same funds.

[EastsideAl]

All that, and we get a lovely "sewage retention basin" right in the middle of prime east side riverfront right next to Chene Park between downtown and Belle Isle.

There seem to be 2 threads going here on the same issue.